Absolute Mortgage’s Home Equity Line of Credit (H.E.L.O.C.) offers a flexible financing option with a fully open mortgage structure. Borrowers can pay off the loan at any time without penalties, and interest is calculated based on the outstanding balance. This makes it a cost-effective solution for those seeking financial flexibility.
The H.E.L.O.C. is ideal for clients who want easy access to funds for various purposes, such as consolidating personal debts, renovating their home, or making a down payment on a second property. With the ability to borrow at any time in the future without re-qualifying, this product provides unparalleled convenience and adaptability to changing financial needs.
Eligible applicants can refinance up to a maximum Loan-to-Value of 65%. This product is particularly suitable for those looking for a reliable and versatile financing option to manage their financial goals efficiently.